stanton optial...stanton optical placed within the top 50% claiming the 1,923 spot out of the 5,000...

DEBORAH K. VANNELLI, CCIM | KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600

CONFIDENTIALITY AND DISCLAIMER: The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Upland Real Estate Group, Inc. and should not be made available to any other person or entity without the written consent of Upland Real Estate Group, Inc. This Marketing Package has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Upland Real Estate Group, Inc. has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property or any other matter related to the subject property. The information contained in this Marketing Package has been obtained from sources we believe to be reliable; however, Upland Real Estate Group, Inc. has not verified, and will not verify, any of the information contained herein, nor has Upland Real Estate Group, Inc. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NET LEASED DISCLAIMER

Upland Real Estate Group, Inc. hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Package has been obtained from sources we believe to be reliable. However, Upland Real Estate Group, Inc. has not and will not verify any of this information, nor has Upland Real Estate Group, Inc. conducted any investigation regarding these matters. Upland Real Estate Group, Inc. makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Package is not a substitute for your thorough due diligence investigation of this investment opportunity. Upland Real Estate Group, Inc. expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Package are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial, legal and other advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal, financial and other advisors must request and carefully review all legal, financial and other documents related to the property and tenant. While past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. All information, including price change and withdrawal from the market, is subject to change without notice. By accepting this Marketing Package you agree to release to Upland Real Estate Group, Inc. and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Stanton Optical

West Allis, Wisconsin CONFIDENTIALITY & DISCLAIMER

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Upland has not reviewed or verified this information. Buyer must verify the information and bears all risk for any inaccuracies.

PAGE 3 DEBORAH K. VANNELLI, CCIM | KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600

HIGHLIGHTS Stanton Optical

West Allis, Wisconsin

• Stanton Optical is a recently built, free-standing building, triple-net lease with 8 years on the lease and 10 rent increases every 5 years.

• Stanton Optical is a national leader in eye care with 40 locations in 12 states.

• The subject property is located on a hard corner at the intersection of West Oklahoma Avenue and South 108th Street (34,000 vpd).

• Excellent demographics include a 5 mile average household income of $72,000 and a 5-mile population over 252,000.

• Major nearby retailers include: Home Depot, Target, Pick n Save, Kohl's, Menards, Piggly Wiggly, Michael’s, Buffalo Wild Wings, and more.

• West Allis, Wisconsin is a suburb of Milwaukee and is part of the Milwaukee metropolitan area.



PROPERTY OVERVIEW

LEASE INFORMATION

LEASE TYPE NNN

LEASE TERM 10 Years

RENEWAL OPTIONS Three 5-year

RENT COMMENCEMENT 8/1/2018

LEASE EXPIRATION 7/31/2028

DEMOGRAPHIC INFORMATION

1-MILE RADIUS 3-MILE RADIUS 5-MILE RADIUS

2019 POPULATION 11,023 108,399 248,186

2024 POPULATION 10,938 108,987 250,338

2019 MEDIAN HOUSEHOLD INCOME $56,094 $57,057 $58,124

2019 AVERAGE HOUSEHOLD INCOME $70,822 $74,613 $78,467

All demographic information is obtained from Site To Do Business, which compiles US Census Bureau data and Esri projections for 2019 and 2024.

LEASE NOTES:

Net, Net, Net. No Landlord responsibilities.

Stanton Optical


INVESTMENT SUMMARY

PRICE $2,167,040

CAP 6.25%

NOI $135,440

RENT/SF $40.00

PRICE/SF $640.00

RENT ADJUSTMENTS:

10% at Year 6 & Each Option

YEARS 1-5: $135,440

YEARS 6-10: $148,984

PROPERTY INFORMATION

ADDRESS 3101 S. 108th Street,

West Allis, WI 53227

BUILDING SIZE 3,386 SQ FT.

LOT SIZE 0.43 Acres

COUNTY Milwaukee

YEAR BUILT 2018



PROPERTY PHOTOS Stanton Optical




AREA PROPERTIES Stanton Optical




AERIAL Stanton Optical




TENANT INFORMATION Stanton Optical


Stanton Optical currently has over 40 stores in 12 states including in Alabama, California, Texas, Indiana, New York, Georgia, Illinois, Nebraska,

Wisconsin and Ohio. Their corporate headquarters is located in Palm Springs, Florida.

Stanton Optical has been a leader in eye care for over a decade. Stanton Optical believes that quality eye health should be accessible and affordable to

everyone. Working directly with eyewear manufacturers, we are able to provide exclusive styles so you can stay fashionable and on trend without paying

costly marked up prices. With popular brands of contacts and over 3,000 frames to choose from.

As experienced industry professionals, Stanton Optical prides themselves on ensuring satisfaction and treating their customers with the utmost honesty

and respect. From your eye exam and frame selection to the moment you walk out with your new glasses, they guarantee that you will be satisfied with

your whole experience.

Stanton Optical was recently awarded the prestigious spot among the top 5,000 growing companies within the U.S. by Inc. Magazine. Stanton Optical

placed within the top 50% claiming the 1,923 spot out of the 5,000 companies awarded. Over the past 4 years, Stanton Optical as experienced ta 205%

growth, and just last year made over $68 million in revenue.

Stanton Optical believes in the following:

vision: Easy eye care and their

mission: Fast, friendly, and affordable.

Values: Integrity, Collaboration, Accountability, Respect & Empowerment.

PROPERTY Stanton Optical

GUARANTOR Vision Precision Holding LLC.

(Stanton Optical Corporation)

REVENUES Private

NET WORTH Private

S&P RATING Non-Rated

WEBSITE https://www.stantonoptical.com/

https://www.stantonoptical.com/



AREA INFORMATION

This Stanton Optical property was recently built in 2018 and is a free-standing property

located on 108th Street in West Allis, Wisconsin. Traffic counts average over 27,000 vehicles

per day right out front of the property, just north the average is 34,000 vehicles per day.

Major retailers in the surrounding area include: Walmart, Target, Buffalo Wild Wings, The

Home Depot, Menards, McDonalds, Chick-Fil-A, Taco Bell, Starbucks Coffee, Dunham’s Sports,

Panda Express and much more.

West Allis is a city located in Milwaukee County, Wisconsin, United States. A suburb of

Milwaukee, it is part of the Milwaukee metropolitan area. This community is connected to the

great Milwaukee area and is blossoming into a destination for families, young professionals,

and business owners. One major event that brings in a lot of tourist and locals is the Wisconsin

State Fair Park, including the Milwaukee Mile and is the site of the annual Wisconsin State

Fair. This modern fair takes place in August and lasts eleven days long. Another well-known

sport facility in the West Allis area is the Pettit National Ice Center which is only one of two indoor speed skating rinks in the United States. This center features two

international-size ice rinks and 400-meter speed skating oval. The list of schooling options in the West Allis area is endless with a wide range of k-12 grades. This town

offers a lively urban mix of dining, shopping, nightlife, and entertainment, balanced by opportunities to relax, create, or enjoy the outdoors. Whether you’re a resident

or visitor, take the time to find something new to love. West Allis has quickly become a food lover’s destination in the Milwaukee area. From specialty groves to

scrumptious bakeries, from Peruvian cuisine to Milwaukee-style barbecue, from fine dinning to food trucks. Parades, festivals, outdoor concerts, car shows and

fireworks are all way to celebrate together in West Allis. Or try visiting the arts in the area– explore galleries, and public art, attend a concert or join in the fun and

perform with choirs, bands, and theatre troupes. Meet old friends or make new ones as you sample craft brews, elegant wines, and creative cocktails. Play pool, dance

the night away, or lick back with a board game– whatever a great night means to you and your family and friends– you’ll find the makings out it in West Allis.

Pettit national ice center Wisconsin state fair Greenfield park

Stanton Optical




MAPS Stanton Optical


Stanton Optical

3101 S 108th Street

West Allis, WI

Stanton Optical

3101 S 108th Street

West Allis, WI

• Nationally recognized CCIM accredited sales team

• Comprehensive and searchable online database

• Excellent reputations and credibility

• Online Letter of Intent forms

• Access to confidential off-market properties

• Extensive referral network

• Prompt follow-up and attention to detail

• Completed in excess of 800 net leased sales transactions totaling over $2.1 billion

• Combined sales experience of over 60 years • Specialized in NNN investment market for more than 20 years Upland’s 1031 investment specialists have successfully completed net lease sales transactions with tenants including, but not limited to:

THE UPLAND ADVANTAGE PROVEN SUCCESS RECORD

BENEFITS OF WORKING WITH UPLAND

Upland Real Estate Group, Inc., which was founded in 1995, is a

Minneapolis based commercial real estate, brokerage, and investment

company, which focuses on passive real investments, 1031 solutions,

real estate portfolio diversification, and wealth preservation. Upland

offers "big business service" with the attentiveness you expect from a

boutique shop.

Our ability to swiftly match buyers with sellers is one of the many

reasons Upland Real Estate Group, Inc. is the nation's primary

resource for the purchase or sale of net leased, credit investment

properties. Many investors and 1031 tax deferred exchange buyers

have benefited from the experience and expertise of our team of net

leased investment sales specialists.

www.nnnsales.com

7-Eleven Advance Auto Applebee’s Arby’s BJ’s Wholesale Bridgestone/Firestone Buffalo Wild Wings Burger King Camping World CVS Pharmacy

Dollar General Family Dollar Gander Mountain Goodwill Jack in the Box Jiffy Lube KinderCare Learning Center Kohl’s McDonald’s National Tire & Battery

O’Reilly Auto Parts Petco Sherwin Williams Starbucks Taco Bell Tires Plus Tractor Supply Trader Joe’s Valvoline Walgreens

ABOUT UPLAND

Front L t R: Amanda Leathers, Keith Sturm, Deb Vannelli, Back L to R: Emily Marsh & Larissa Jackson


Stanton Optical




DISCLOSURE TO NON-RESIDENTIAL CUSTOMERS Stanton Optical


DISCLOSURE TO NON-RESIDENTIAL CUSTOMERS

Prior to negotiating on your behalf the brokerage firm, or an agent associated with the firm, must provide you the following disclosure statement:

DISCLOSURE TO CUSTOMERS You are a customer of the brokerage firm (Upland Real Estate Group). The Firm is either an agent of another party in the transaction or a subagent of another firm that is the agent of another party in the transaction. A broker or

a salesperson acting on behalf of the Firm may provide brokerage services to you. Whenever the Firm is providing brokerage services to you, the Firm and its brokers and salespersons (hereinafter Agents) owe you, the customer, the following duties:

The duty to provide brokerage services to you fairly and honestly.

The duty to exercise reasonable skill and care in providing brokerage services to you.

The duty to provide you with accurate information about market conditions within a reasonable time if you request it, unless disclosure of the information is prohibited by law.

The duty to disclose to you in writing certain Material Adverse Facts about a property, unless disclosure of the information is prohibited by law.

The duty to protect your confidentiality. Unless the law requires it, the Firm and its Agents will not disclose your confidential information or the confidential information of other parties.

The duty to safeguard trust funds and other property held by the Firm or its Agents.

The duty, when negotiating, to present contract proposals is an objective and unbiased manner and disclosure the advantages and disadvantages of the proposals.

Please review this information carefully. An Agent of the Firm can answer your questions about brokerage services, but if you need legal advice, tax advice, or a professional property inspection, contact an attorney, tax advisor, or business inspector. This

disclosure is required by section 452.135 of the Wisconsin statutes and is for information only. It is a plain-language summary of the duties owed to a customer under section 452.133 (1) of the Wisconsin statutes. CONFIDENTIALITY NOTICE TO CUS-

TOMERS The Firm and its Agents will keep confidential any information given to the Firm or its Agents in confidence, or any information obtained by the Firm and its Agents that a reasonable person would want to be kept confidential, unless the infor-

mation must be disclosed by law or you authorize the Firm to disclose particular information. The Firm and its Agents shall continue to keep the information confidential after the Firm is no longer providing brokerage services to you.

The following information is required to be disclosed by law:

Material Adverse Facts, as defined in Wisconsin State 452.01(5g)

Any facts known by the Firm or its Agents that contradict any information included in a written inspection report on the property or real estate that is the subject of the transaction.

To ensure that the Firm and its Agents are aware of what specific information you consider confidential, you list that information below or provide that information to the Firm or its Agents by other means. At a later time, you may also provide the Firm or its

Agents with their Information you consider to be confidential.

CONFIDENTIAL INFORMATION:

_______________________________________________________________________________________________________________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________________________.

NON-CONFIDENTIAL INFORMATION (The following information may be disclosed by the Firm and its Agents):

_______________________________________________________________________________________________________________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________________________.

DEFINITION OF MATERIAL ADVERSE FACTS

A “Material Adverse Fact” is defined in Wisconsin State 452.01 (5g) as an Adverse Fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable party, that it affects or would

affect the party’s decision to enter into a contract or agreement concerning a transaction or affects or would affect the party’s decision about the terms of such a contract or agreement.

An “Adverse Fact” is defined in Wisconsin State 452.01 (1e) as a condition or occurrence that a competent licensee generally recognizes will significantly and adversely affect the value of the property, significantly reduce the structural integrity of

improvements to real estate, or present a significant health risk to occupants and the property; or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concern-

ing the transaction.

NOTICE ABOUT SEX OFFENDER REGISTRY

You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://www.doc.wi.gov or telephone at 608-240-5830.

http://www.doc.wi.gov

stanton optial...stanton optical placed within the top 50% claiming the 1,923 spot out of the 5,000...

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